unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

wages of male workers who have previously become unemployed as the result of an establishment closure. To identify the …-employment probability by 7.5 percentage points. In contrast, there is no evidence of a statistically significant effect on wages. …

productivity. The higher wages make firms offer fewer vacancies, as well as raising the opportunity cost of working by enabling … unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries … reduce, ceteris paribus, the gains from being employed, which makes employed workers ask for higher wages relative to …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages … equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the mid 1990s. …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …

In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … capital endowments, production technologies and rigid wages. Governments tax capital at the source to maximize national … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …